Why didn't France follow the British Stabilization after World War One?
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We show that the size of the public debt, the budget deficit and the monetary overhang made it impossible for France to stabilize its price level and return to the pre-war parity immediately after World War I, even on the anti-keynesian assumption that a stabilization would not have had any negative
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美国国家经济研究局创建时间：
2003-07-01
